EUR/NZD may rise 68 - 101 pips

Our pivot point stands at 1.8307.

Our preference

As long as 1.8307 is support look for 1.8461.

Alternative scenario

The downside breakout of 1.8307 would call for 1.8251 and 1.8218.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.8344 and 1.8285).

Supports and resistances

1.8528 **

1.8495 *

1.8461 **

1.8428

1.8360 last

1.8330

1.8307 **

1.8251 *

1.8218 **

Number of asterisks represents the strength of support and resistance levels.